The Growth of Community Banking in Texas

The field of banking and finance has been growing rapidly in the last few years in the state of Texas, and it is due to the contributions made by the banks in the region. Texas Bankers Association, which is an organization that leads the banking fraternity of the state of Texas, holds an annual conference each year to discuss various issues that the banking industry face and resolves to find its solutions through collective efforts of its members.

The theme of this year’s conference was the reinvention of community banking, its benefits, and the role innovation would play for the banks to lead the growing competition. Many noted dignitaries and prominent members of the banking and financial industry attends the conference each year, and this year’s highlight was the presence of President and CEO of Nexbank, John Holt.

John Holt also spoke on the theme of the event and mentioned how Nexbank is paving the way into making community banking as big as it gets in the state of Texas, as he believes that community banking would empower the communities financially. John Holt said that Nexbank is acquiring College Savings Bank that would help develop the culture of savings in public and is also loaning to low tier financial institutions that are actively financing to the low-income families in the under-developed parts of the state. John Holt said that these efforts would in the long-term reap much larger benefits.

Nexbank is one of the most respected and credible banks in Texas and was established in the year 1934. The bank has grown exponentially in size and volume over time, and currently, has more than $6 Billion in assets. It has three core units through which it functions, namely the commercial banking, institutional services, and mortgage banking. Nexbank offers customized financial services to mainly institutional investors, financial institutions, real estate investors, and high net worth individuals.